If you have some experience when it comes to horse racing, then chances are you already know that there are a variety of ways to handicap a horse and decide how to gauge the possible outcome of a race.

One such technique is coming to the track early so you can watch the horses with your own eyes before you decide on your bets. While there are certainly many great advantages that online horse racing has to offer, one marked disadvantage is the inability to observe the track and the horses in person. What this means to you is that you must learn a new set of techniques to make the right horse racing bets.

The first way that you can give yourself a better chance of making good online horse racing bets is to learn as much as you can about the horses before placing your bets. Browse the upcoming races as much in advance as you can so that you'll have adequate time to research the horse's history in prior performances.

Though a horse's performance history is not guarantee of his future performance, it can be a good factor to consider.

Second, once you have this information, you need to rule out betting on any horses which have not raced within the last 45 days.

While it is possible that a horse that has not raced during that time could perform well, the odds are against it. Also, rule out any horses that have not placed within the last three races. Many people also find it helpful to rule out any horses which are being raced by jockeys who have a low percentage of wins during the last year.

Finally, take the horses that are left and then analyze their top speeds during the last three races because these are the horses that will generally be among the top contenders for the upcoming race. In the event that you have three or more horses that appear to be contenders, go with the top highest paying horses.

If you want to combine bets, then go for the very highest top horse to win, and consider placing other bets on the remaining horses. Of course, there are no guarantees that a given horse will win, but these ideas will help you make the smartest choices when it comes to the world of online horse racing. Use these three tricks to increase your chances of making the most profitable horse racing picks.

Simon Skinner has worked in the online gambling industry since 2000. He has worked for some of the top online sportsbooks and now runs internet marketing for BetAmerica - the top online US top horse racing betting website.